Ryanair shareholders backed all resolutions at its annual shareholders’ meeting, easing some pressure on the Irish LCC, but sending a clear signal of discontent about how management has been handling a labor relations crisis by re-electing its chairman with a much smaller majority than before.
The German airline of Lithuania’s Small Planet Group has launched insolvency proceedings, but the company said it has permission to continue German and Dutch flight operations while it restructures.
Emirates Airline president Tim Clark said managing the impact of rising fuel prices is the biggest challenge for the Dubai-based carrier, which is seeing an annual fuel bill of $10 billion that will continue to rise as prices go up.
Qatar Airways slumped into the red in its last financial year, recording a net loss of QR251.6 million ($69.1 million) after what the airline described as “the most challenging year in its 20-year history.”
Brussels Airlines is considering whether to move its wet-lease arrangement from Ireland’s CityJet, following longer-than-anticipated delays in solving technical problems with its Russian-built Sukhoi Superjet 100s (SSJ100s).
New Canadian ultra LCC Jetlines recently submitted its operations manuals to Transport Canada, completing the next major step in its bid to launch services next year.
Investors for a newly planned Switzerland-based LCC—with a working title of Swiss Skies—met this week in Basel to raise at least $100 million by the 2019 second half and discuss initiatives for the new project.
UK LCC easyJet has reached around 8% market share in Germany since it started operations at Berlin Tegel Airport, according to an easyJet Europe executive.
Benjamin Smith will assume his new position as Air France-KLM’s new CEO Sept. 17, bringing to a close a four month-period in which the airline group was without a permanent boss after the escalation of a labor conflict led to the departure of his predecessor Jean-Marc Janaillac.
American Airlines chairman and CEO Doug Parker is confident the Dallas/Fort Worth-based carrier can ride out the current rise in fuel prices and its effect on profits.
The Greenland government is looking to increase its stake in Air Greenland by acquiring two separate sets of shares, owned by the Danish government and SAS Scandinavian Airlines.
Ryanair CEO Michael O’Leary expects that an “awful lot” of airlines will follow the Irish LCC’s recently announced policy to further tighten its hand-luggage limit for non-priority passengers.
Annual passengers traveling via the world’s commercial airlines exceeded 4 billion for the first time in 2017, up 7.3% over 2016 and equivalent to 280 million additional air trips, according to IATA’s annual World Air Transport Statistics (WATS) report, released Sept. 6.
